SAN DIEGO, April 25 /PRNewswire/ -- Milberg Weiss
(http://www.milberg.com/calamp/) today announced that a class action has been
commenced in the United States District Court for the Central District of
California on behalf of purchasers of California Amplifier, Inc. ("California
Amplifier") (Nasdaq: CAMP) publicly traded securities during the period
between June 11, 1999 and March 28, 2001 (the "Class Period").
If you wish to serve as lead plaintiff, you must move the Court no later
than 60 days from March 30, 2001. If you wish to discuss this action or have
any questions concerning this notice or your rights or interests, please
contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss
at 800/449-4900 or via e-mail at wsl@milberg.com. You can join this class
action online at http://www.milberg.com/calamp/.
The complaint charges California Amplifier with violations of the
Securities Exchange Act of 1934. California Amplifier designs, manufactures
and markets microwave components used in both defense and commercial markets.
The Company's products are used for the amplification and conversion of
microwave signals for satellite television, Global Positioning Satellite,
wireless cable, two-way voice and data communications, and broadband
applications.
On March 29, 2001, California Amplifier announced that it will restate its
fiscal 2000 financial statements because of accounting misstatements. The
press release issued in connection with the announcement stated, in part:
"California Amplifier Inc. today announced that during preparation for the
Company's fiscal year 2001 audit examination, the Company's corporate
controller abruptly resigned and advised by letter that in fiscal year 2000 he
made certain adjustments to the Company's accounting records that caused a
reduction in recorded expenses which may have resulted in overstating net
income for the fiscal year ended February 26, 2000 by as much as $2.2 million,
or $.18 per basic share. The Company is actively investigating the
circumstances reported by the controller but has not yet been able to
interview the controller fully and, as a result, is unable at this time to
reach any definitive conclusions as to the exact expenses or fiscal year
2000 quarters that are affected by this alleged overstatement.... Due to
these developments, the previously scheduled release of earnings for the
fourth quarter and the fiscal year ended March 3, 2001 on April 19, 2001 will
be postponed to a future date to be announced. If the investigation
ultimately confirms an overstatement of income in fiscal year 2000, the
Company will be required to restate its fiscal year 2000 consolidated
financial statements." On this news, trading in California Amplifier shares
was halted at $5.03 -- or more than 90% lower than the Class Period high of
$59.25.
Plaintiff seeks to recover damages on behalf of all purchasers of
California Amplifier publicly traded securities during the Class Period (the
"Class"). The plaintiff is represented by Milberg Weiss Bershad Hynes &
Lerach LLP, who has expertise in prosecuting investor class actions and
extensive experience in actions involving financial fraud.
Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices
in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and
Philadelphia, is active in major litigations pending in federal and state
courts throughout the United States. Milberg Weiss has taken a leading role
in many important actions on behalf of defrauded investors, consumers, and
companies, as well as victims of World War II and other human rights
violations, and has been responsible for more than $30 billion in aggregate
recoveries. The Milberg Weiss website (http://www.milberg.com) has more
information about the firm.
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SOURCE Milberg Weiss Bershad Hynes & Lerach LLP

SAN DIEGO, April 25 /PRNewswire/ -- Milberg Weiss
(http://www.milberg.com/calamp/) today announced that a class action has been
commenced in the United States District Court for the Central District of
California on behalf of purchasers of California Amplifier, Inc. ("California
Amplifier") (Nasdaq: CAMP) publicly traded securities during the period
between June 11, 1999 and March 28, 2001 (the "Class Period").
If you wish to serve as lead plaintiff, you must move the Court no later
than 60 days from March 30, 2001. If you wish to discuss this action or have
any questions concerning this notice or your rights or interests, please
contact plaintiff's counsel, William Lerach or Darren Robbins of Milberg Weiss
at 800/449-4900 or via e-mail at wsl@milberg.com. You can join this class
action online at http://www.milberg.com/calamp/.
The complaint charges California Amplifier with violations of the
Securities Exchange Act of 1934. California Amplifier designs, manufactures
and markets microwave components used in both defense and commercial markets.
The Company's products are used for the amplification and conversion of
microwave signals for satellite television, Global Positioning Satellite,
wireless cable, two-way voice and data communications, and broadband
applications.
On March 29, 2001, California Amplifier announced that it will restate its
fiscal 2000 financial statements because of accounting misstatements. The
press release issued in connection with the announcement stated, in part:
"California Amplifier Inc. today announced that during preparation for the
Company's fiscal year 2001 audit examination, the Company's corporate
controller abruptly resigned and advised by letter that in fiscal year 2000 he
made certain adjustments to the Company's accounting records that caused a
reduction in recorded expenses which may have resulted in overstating net
income for the fiscal year ended February 26, 2000 by as much as $2.2 million,
or $.18 per basic share. The Company is actively investigating the
circumstances reported by the controller but has not yet been able to
interview the controller fully and, as a result, is unable at this time to
reach any definitive conclusions as to the exact expenses or fiscal year
2000 quarters that are affected by this alleged overstatement.... Due to
these developments, the previously scheduled release of earnings for the
fourth quarter and the fiscal year ended March 3, 2001 on April 19, 2001 will
be postponed to a future date to be announced. If the investigation
ultimately confirms an overstatement of income in fiscal year 2000, the
Company will be required to restate its fiscal year 2000 consolidated
financial statements." On this news, trading in California Amplifier shares
was halted at $5.03 -- or more than 90% lower than the Class Period high of
$59.25.
Plaintiff seeks to recover damages on behalf of all purchasers of
California Amplifier publicly traded securities during the Class Period (the
"Class"). The plaintiff is represented by Milberg Weiss Bershad Hynes &
Lerach LLP, who has expertise in prosecuting investor class actions and
extensive experience in actions involving financial fraud.
Milberg Weiss Bershad Hynes & Lerach LLP, a 170-lawyer firm with offices
in New York, San Diego, San Francisco, Los Angeles, Boca Raton, Seattle and
Philadelphia, is active in major litigations pending in federal and state
courts throughout the United States. Milberg Weiss has taken a leading role
in many important actions on behalf of defrauded investors, consumers, and
companies, as well as victims of World War II and other human rights
violations, and has been responsible for more than $30 billion in aggregate
recoveries. The Milberg Weiss website (http://www.milberg.com) has more
information about the firm.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X08772787
SOURCE Milberg Weiss Bershad Hynes & Lerach LLP